Olsen Palmer Advises North Shore Trust and Savings in Its Acquisition by First National Bank of Brookfield

NSTS Bancorp, Inc. (NASDAQ: NSTS), the holding company for North Shore Trust and Savings (“North Shore”), has been acquired by Brookfield Bancshares, Inc. (“Brookfield”), the holding company for First National Bank of Brookfield, in an all-cash transaction valued at approximately $73.7 million.

North Shore will continue to operate under its existing name and federal savings association charter as a subsidiary of Brookfield.

Olsen Palmer LLC served as financial advisor and issued a fairness opinion to NSTS Bancorp, Inc.​

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on transaction count since 2025, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Peoples Exchange Bank in Its Agreement to Be Acquired by Gulf Winds Credit Union

Peoples Exchange Bancshares, Inc., the holding company for Peoples Exchange Bank, and Gulf Winds Credit Union have jointly announced that they have entered into a definitive agreement in which Gulf Winds Credit Union will acquire Peoples Exchange Bank.

Olsen Palmer LLC served as financial advisor to Peoples Exchange Bancshares, Inc.​

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on transaction count over the last four quarters, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Colonial Savings, F.A. in Its Agreement to Be Acquired by Gateway First Bank

First Western Mortgage Corporation, parent company of Colonial Savings F.A. (“Colonial”), has entered into an agreement whereby Colonial will be acquired by Gateway First Bank (“Gateway”). The transaction is expected to close in the first quarter of 2027, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions.

Olsen Palmer LLC served as financial advisor to First Western Mortgage Corporation.​

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on transaction count over the last four quarters, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Heritage Community Bank in Its Agreement to Be Acquired by UBank

Heritage Community Bank and U Bancshares, Inc., the parent company of UBank, jointly announced the signing of a definitive merger agreement under which Heritage Community Bank and UBank will merge in a stock and cash transaction. The combined company will operate under the UBank name, with legacy Heritage Community Bank offices to operate indefinitely as “Heritage Community Bank, a division of UBank.”​

The definitive agreement has been approved by the respective Boards of Directors of the companies. The transaction, which is subject to customary closing conditions, including receipt of required regulatory and shareholder approvals, is expected to close in the first quarter of 2027.​

Olsen Palmer LLC served as financial advisor and issued a fairness opinion to Heritage Community Bank.​

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on transaction count over the last four quarters, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Farmers State Bank in Its Merger With Hawthorn Bank

Hawthorn Bancshares, Inc. (“Hawthorn”) (NASDAQ: HWBK), the Missouri-based holding company of Hawthorn Bank, announced the completion of the merger of FSC Bancshares, Inc. (“FSC”) with and into Hawthorn, with Hawthorn continuing as the surviving corporation, and the merger of FSC’s wholly-owned banking subsidiary, Farmers State Bank, with and into Hawthorn Bank, with Hawthorn Bank continuing as the surviving bank.

Olsen Palmer LLC issued a fairness opinion to FSC Bancshares, Inc.​

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on transaction count over the last four quarters, according to S&P Global.